Acumen

The past two years have presented financial executives with unprecedented challenges to operational capital, their bottom lines and market capitalizations. Market volatility has both vindicated and challenged hedging assumptions but more than ever financial risk management is a critical tool. Many financial executives still believe that to be fiscally responsible they must hedge to protect their organizations even if it means leaving some upside on the table. The challenges of hedging and hedge accounting are complex and intricate and the rules will further evolve under IFRS and change even further under the IAS 39 replacement project.

Financial instrument accounting, and impairment in particular, has presented significant compliance challenges through the credit crisis. The result has been several quick adjustments to accounting in this complex area, changes to the fair value accounting model and a fast-tracking of the complete overhaul of IAS 39. Despite significant harmonization with IFRS standards in Canada, there still remain significant differences posing operational and financial statement challenges.

While the IAS replacement standards are not expected to be mandatory until 2013, those converting next year face the daunting choice of opting for early adoption of these new requirements or facing a second conversion for these standards in two short years. Given the complexity of this area from an operational perspective, companies will want to clearly understand the options and the related implications of the choice they have to make.

No less than five Exposure Drafts have been, or will be, issued in this area alone affecting information to be presented at this timely event: three separate ED’s for the IAS 39 project, the Consolidation Exposure Draft and the Fair Value Measurement Exposure Draft. This conference will bring you up-to-date on the application and timing of these standards for your IFRS projects.

Financial Instruments & Hedging – IFRS Conversion & Replacement of IAS 39 provides the most complete examination of this technical material that you will find anywhere in Canada. With a user’s focus on compliance and IFRS conversion, this event will walk you through

Update from the OSC and the AcSB
Getting to 2011: IFRS Conversion and IFRS 9 implementation issues
Fair valuation of financial instruments – methods and allocations
Enhanced disclosures for financial instrument – IFRS 7
Impairment of financial instruments including IASB Exposure Draft (if issued)
Securitizations and off-balance sheet financing including IASB Exposure Draft (if issued)
Derivatives and hedging relationships – current issues and IFRS convergence
Designing hedging relationships and understanding the causes of ineffectiveness
Long haul effectiveness testing
Examples of hedging transactions from start to finish
Examining the new world of counterparty risk management and measurement
Hedge accounting and IFRS conversion: impact on hedging strategies and processes
All speakers, where appropriate, will deal with IFRS conversion and the IAS 39 replacement issues related to their topic

As well, there is a full day, practical workshop that will enable you to work with a seasoned expert in financial instrument accounting who will give you a greater applied knowledge in this technical subject. Please see the detailed workshop outline for full information on this session.



	FINANCIAL INSTRUMENTS & HEDGING - IFRS Conversion and Changes of IAS 39 Current Issues in First Time Adoption of IFRS and Planning For The Replacement OF IAS 39 May 18 - 20, 2010 • Sutton Place Hotel Toronto • Toronto Conference Overview The past two years have presented financial executives with unprecedented challenges to operational capital, their bottom lines and market capitalizations. Market volatility has both vindicated and challenged hedging assumptions but more than ever financial risk management is a critical tool. Many financial executives still believe that to be fiscally responsible they must hedge to protect their organizations even if it means leaving some upside on the table. The challenges of hedging and hedge accounting are complex and intricate and the rules will further evolve under IFRS and change even further under the IAS 39 replacement project. Financial instrument accounting, and impairment in particular, has presented significant compliance challenges through the credit crisis. The result has been several quick adjustments to accounting in this complex area, changes to the fair value accounting model and a fast-tracking of the complete overhaul of IAS 39. Despite significant harmonization with IFRS standards in Canada, there still remain significant differences posing operational and financial statement challenges. While the IAS replacement standards are not expected to be mandatory until 2013, those converting next year face the daunting choice of opting for early adoption of these new requirements or facing a second conversion for these standards in two short years. Given the complexity of this area from an operational perspective, companies will want to clearly understand the options and the related implications of the choice they have to make. No less than five Exposure Drafts have been, or will be, issued in this area alone affecting information to be presented at this timely event: three separate ED’s for the IAS 39 project, the Consolidation Exposure Draft and the Fair Value Measurement Exposure Draft. This conference will bring you up-to-date on the application and timing of these standards for your IFRS projects. Financial Instruments & Hedging – IFRS Conversion & Replacement of IAS 39 provides the most complete examination of this technical material that you will find anywhere in Canada. With a user’s focus on compliance and IFRS conversion, this event will walk you through Update from the OSC and the AcSB Getting to 2011: IFRS Conversion and IFRS 9 implementation issues Fair valuation of financial instruments – methods and allocations Enhanced disclosures for financial instrument – IFRS 7 Impairment of financial instruments including IASB Exposure Draft (if issued) Securitizations and off-balance sheet financing including IASB Exposure Draft (if issued) Derivatives and hedging relationships – current issues and IFRS convergence Designing hedging relationships and understanding the causes of ineffectiveness Long haul effectiveness testing Examples of hedging transactions from start to finish Examining the new world of counterparty risk management and measurement Hedge accounting and IFRS conversion: impact on hedging strategies and processes All speakers, where appropriate, will deal with IFRS conversion and the IAS 39 replacement issues related to their topic As well, there is a full day, practical workshop that will enable you to work with a seasoned expert in financial instrument accounting who will give you a greater applied knowledge in this technical subject. Please see the detailed workshop outline for full information on this session.